Despite the soundness of rationality-based asset pricing models in explaining the cross-sectional variations of stock returns, a growing body of research focuses on behavioral theories and explanations for stock returns. We provide the first study to systematically survey representative articles focusing on behavioral explanations of asset pricing anomalies. We first introduce behavioral theories and asset pricing anomalies, and analyze how behavioral theories affect these anomalies. We further investigate empirical evidence from international and Taiwan stock markets, and provide potential research issues for further studies.